Moors & Cabot Inc. bought a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,606 shares of the company’s stock, valued at approximately $259,000.
Other hedge funds have also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Liberty Broadband by 701.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 433 shares of the company’s stock valued at $33,000 after buying an additional 379 shares in the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of Liberty Broadband during the 3rd quarter valued at $45,000. Nisa Investment Advisors LLC boosted its stake in Liberty Broadband by 34.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 625 shares of the company’s stock worth $48,000 after purchasing an additional 160 shares in the last quarter. Alta Advisers Ltd bought a new position in Liberty Broadband in the 3rd quarter worth about $52,000. Finally, Neo Ivy Capital Management bought a new position in Liberty Broadband in the 3rd quarter worth about $61,000. Institutional investors own 76.81% of the company’s stock.
Liberty Broadband Price Performance
NASDAQ LBRDK opened at $79.53 on Friday. Liberty Broadband Co. has a 52 week low of $68.67 and a 52 week high of $126.62. The firm has a market capitalization of $11.64 billion, a P/E ratio of 11.96 and a beta of 1.12. The company has a quick ratio of 0.39, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $80.45 and a 200-day moving average price of $83.57.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on LBRDK shares. TD Securities dropped their price target on shares of Liberty Broadband from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, February 21st. Citigroup upped their price target on shares of Liberty Broadband from $111.00 to $115.00 and gave the stock a “buy” rating in a research note on Friday, March 3rd. StockNews.com began coverage on shares of Liberty Broadband in a research note on Thursday, March 16th. They issued a “sell” rating on the stock. Pivotal Research decreased their target price on Liberty Broadband from $150.00 to $138.00 in a research report on Wednesday. Finally, Rosenblatt Securities decreased their target price on Liberty Broadband from $133.00 to $132.00 and set a “buy” rating for the company in a research report on Friday, February 24th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $127.60.
Liberty Broadband Profile
Liberty Broadband Corp. operates as a holding company, which engages in the cable, broadband and mobile location technology businesses. It operates through its subsidiaries, Charter Communications, Inc and TruePosition, Inc The company was founded on March 28, 1991, and is headquartered in Englewood, CO.
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